China’s Didi to be added to FTSE’s equity indexes on July 8

1 Minute Read by Reuters Staff (Reuters) – SHANGHAI, July 1 (Reuters) – Didi Global Inc will be added to FTSE Russell’s global equity indexes on July 8, following the Chinese ride-hailing company’s stock market debut in the United States on Wednesday, according to the index publisher. FTSE Russell announced on its website that Didi shares will be included in the FTSE All-World Index, the FTSE Global Large Cap Index, and the FTSE Emerging Index. Didi, sponsored by Japan’s SoftBank Group Corp, climbed marginally on its first public offering in the United States, valuing it at $68.49 billion, the largest U.S. listing by a Chinese firm since 2014. Didi is also supported by Alibaba, Tencent, and Uber, all of which are technology companies. (Samuel Shen and Andrew Galbraith contributed reporting; Muralikumar Anantharaman edited the piece.)/nRead More